3 key benefits of integrated accounting solutions
July 28, 2016

When it comes to running a business, there are any number of key ingredients that contribute to long-term success: innovation, worker engagement, technology and expertise are just a handful. For accountants and bookkeepers, integration is an important component to the success of both the firm and its clients. As Max Boller, executive director at Control Systems Integration Association explained on LinkedIn, "Systems that are not integrated result in significant increases in cost and resource consumption."

When it comes to integration, accountants and bookkeepers should think immediately about their accounting software. There are three key reasons firms should prioritize investment into an integrated solution:

1. Organizational improvements
Any business that uses a mix of disjointed resources and tools will encounter massive organizational hurdles. When it comes to managing the financial integrity of clients, this type of disorganization can be costly to both the accountant or bookkeeper and the client. Integrated accounting solutions enable professionals in the accounting field to manage their firms' workflow and financial performance from one place.

2. Increased efficiency
Of course, better organization translates to the work being completed more efficiently. This leads to reduced billable hours for clients and a better work-life balance for accountants and bookkeepers. Moreover, when accountants and bookkeepers have the opportunity to streamline tasks through an integrated solution, they then have more time to advise their clients on longer-term financial strategies. 

3. Seamlessness for everyone
It is important to offer both clients and employees a software experience that is seamless. With an integrated accounting solution, accountants and bookkeepers can create an experience for their clients that is customized to their individual needs and accessible no matter where they are or what device they are using.

According to Insurance Journal, the revenue of the accounting, tax preparation and payroll industry in the U.S. is expected to reach $160 billion by 2018. As a result, the competition is going to grow as quickly as the technologies firms use to keep their clients happy and do better work. To get their fair piece of the pie, accountants and bookkeepers must leverage an integrated solution in order to stay ahead of the curve.

To become a more valued advisor for your clients and keep up with the best technology to do so, check out Sage Accountant Solutions.

Nexus: G-WEBCD2